Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Ripple Brings RLUSD to BlackRock’s $2B BUIDL Fund in Tokenization Breakthrough
    NewsCryptoMarket

    Ripple Brings RLUSD to BlackRock’s $2B BUIDL Fund in Tokenization Breakthrough

    According to the latest reports, Ripple and tokenization platform Securitize have announced…

    By
    Jane Omada Apeh
    September 24, 2025
    Cardano Foundation Outlines Strategy to Bridge Blockchain and Real-World Utility
    NewsCryptoMarket
    Cardano Foundation Outlines Strategy to Bridge Blockchain and Real-World Utility
    September 24, 2025
    Why Ripple Is Sitting at the Table With US and UK Officials on Digital Assets
    NewsCryptoMarket
    Why Ripple Is Sitting at the Table With US and UK Officials on Digital Assets
    September 24, 2025
    image 598
    CryptoNewsSponsored Article
    Catch The Upcoming Presale Wave: MoonBull Takes Centre Stage As The New Meme Coin, As Snek And Neiro Keep The Hype Alive
    September 24, 2025
    Hashdex Altcoins etfs SEC
    NewsCryptoMarket
    Hashdex Pushes for Altcoin ETFs With SOL, ADA, and XRP Under New SEC Standards
    September 24, 2025
  • Cryptocurrency
    Ripple Brings RLUSD to BlackRock’s $2B BUIDL Fund in Tokenization Breakthrough
    Ripple Brings RLUSD to BlackRock’s $2B BUIDL Fund in Tokenization Breakthrough
    6 Min Read
    Cardano Foundation Outlines Strategy to Bridge Blockchain and Real-World Utility
    Cardano Foundation Outlines Strategy to Bridge Blockchain and Real-World Utility
    7 Min Read
    Why Ripple Is Sitting at the Table With US and UK Officials on Digital Assets
    Why Ripple Is Sitting at the Table With US and UK Officials on Digital Assets
    7 Min Read
    image 598
    Catch The Upcoming Presale Wave: MoonBull Takes Centre Stage As The New Meme Coin, As Snek And Neiro Keep The Hype Alive
    7 Min Read
    Hashdex Altcoins etfs SEC
    Hashdex Pushes for Altcoin ETFs With SOL, ADA, and XRP Under New SEC Standards
    6 Min Read
    US Lawmakers Urge SEC to Deliver on Trump’s Crypto 401(k) Retirement Plan
    US Lawmakers Urge SEC to Deliver on Trump’s Crypto 401(k) Retirement Plan
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Price Recovery in Sight! This Altcoin Brings Hope to Investors with New Addresses and Rising TVL
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Price Recovery in Sight! This Altcoin Brings Hope to Investors with New Addresses and Rising TVL
News

Price Recovery in Sight! This Altcoin Brings Hope to Investors with New Addresses and Rising TVL

showcasing Solanas growth with symbols of rising price new addresses and DeFi expansion. Include elements such as charts sho
Emiliano Trejo
Last updated: October 31, 2024 9:55 am
By
Emiliano Trejo
Published October 31, 2024
2 Min Read
Share

After a seven-month struggle to break past the $200 level, Solana is showing signs of recovery amid a market-wide rebound in late October. This positive shift could signal an end to SOL’s extended period of consolidation, bringing new optimism to its investors.

Contents
  • Development Activity Surge
  • DeFi Growth on Solana
  • Price Outlook for SOL

Development Activity Surge

According to data from Santiment, Solana’s development activity spiked on October 29, reaching a high of 140. This increase reflects the network’s growth and openness to innovation, which can build confidence among investors. Additionally, SOL’s social dominance has also seen a noticeable rise, reaching 9.17% on Tuesday. Social dominance reflects how much attention a crypto asset draws on social media platforms, with increased interest indicating a growing appeal among both retail and institutional investors.

Solana’s network expansion is further evidenced by the growth in new addresses, rising from 2.99 million to 5.32 million in October. This boost underscores rising demand for the network, potentially contributing positively to Solana’s price as adoption accelerates.

DeFi Growth on Solana

Solana’s position in the DeFi space has strengthened significantly, with its total value locked (TVL) climbing from $3.8 billion to $6.25 billion, marking a 63% growth, according to DeFiLlama. This surge reflects Solana’s ability to attract more capital within the DeFi space, a positive signal of investor confidence in the network’s potential.

Solanas price recovery and network expansion featuring symbols of growth like rising charts DeFi icons and the

Open interest in SOL’s futures market also saw an increase in October, rising from $2.14 million to $3.41 million, marking a 46% growth. This uptick reflects strong investor sentiment towards Solana’s future price movements and reinforces market confidence.

Price Outlook for SOL

With robust network activity, rising DeFi investments, an active developer community, and increased institutional interest, the outlook for Solana remains promising. These indicators suggest that SOL could be on a path toward reaching new all-time highs.

In summary, as Solana’s network expands and its user base grows, its potential for upward price movement becomes increasingly likely. For more updates, stay tuned to Dey There.

Solana, DeFi, TVL, development activity, social dominance

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Robinhood Expands Reach: Crypto Services Go Live in Spain Under MiCA

Silk Road Saga Ends with Trump’s Surprise Pardon for Ulbricht

MoonBull Whitelist Is Live Now: Could This Be The New Meme Coin All Traders Are Eyeing As Floki Remains Solid And Cheems Holds Firm?

Is Solana Ready to Break $300? Analysts Weigh In

KuCoin’s Legal Nightmare: Why It’s Leaving the US

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEmiliano Trejo
Emiliano Trejo has spent the last 9 years immersed in the world of blockchain and cryptocurrencies, becoming a prominent figure in the industry. With a background in economics and a keen interest in decentralized systems, Emiliano has contributed to several groundbreaking projects, including the development of blockchain-based financial products and services. His expertise lies in the intersection of blockchain technology and economic models, where he excels in creating innovative solutions that leverage the benefits of decentralization. At DT NEWS, Emiliano shares his deep knowledge of the global cryptocurrency market, offering insights that help readers understand both the technical and economic implications of blockchain innovations.
Previous Article featuring the memecoin POPCAT in the crypto world showcasing a cat themed token rising in popularity. Include symbols This Altcoin Takes the Memecoin World by Storm! Investors Captivated by Its Rise
Next Article illustration of Pendle PENDLE Solana SOL and Dogecoin DOGE highlighting their growth potential in the crypto market. Show A Breakout Is Near! Analyst Reveals Target Level for This Altcoin
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)